Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
To quote or refer to (a book or author, for example) as an authority or example in making an argument. b. Law To refer to (a previous court decision or other legal precedent), as when arguing a case. 2. To mention or bring forward as support, illustration, or proof: cited several instances of insubordinate behavior.